Remove Application Remove Low income student Remove Student loans
article thumbnail

5 Big FAFSA Updates That Will Impact Your Financial Aid This Year

CFAA College Financial Aid Advisors

For students preparing to apply for financial aid, the Free Application for Federal Student Aid (FAFSA) is a crucial part of the process. The SAI, which replaces the EFC, is a more accurate and fair way to calculate need-based financial aid, especially for students from low-income backgrounds.

article thumbnail

How Does Early Decision Affect Financial Aid?

Student Loan Hero

The applicant pool could be more competitive. ED admission results are usually sent by December, far ahead of the typical March or April timeline for regular applications. If the financial aid package falls short, you’ll likely need to take out student loans or break your binding agreement. Is early decision worth it?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Student Aid Index (SAI)?

The College Pod

The Student Aid Index (SAI) is an essential concept in the world of financial aid for college. It replaced the Expected Family Contribution (EFC) starting with the 2024-2025 Free Application for Federal Student Aid ( FAFSA ). What Is the Student Aid Index? Student Loans : Both subsidized and unsubsidized loans.

article thumbnail

The Pros and Cons of Parent Plus Loans

College Planners of America

The FAFSA process will determine if the student is eligible for subsidized and unsubsidized student loans, Pell Grants, and/or the Work-Study Program. The PPL application form is online at StudentAid.gov. Parents may contact their student’s high school financial aid office for assistance.

article thumbnail

The Pros and Cons of Parent Plus Loans

College Planners of America

The FAFSA process will determine if the student is eligible for subsidized and unsubsidized student loans, Pell Grants, and/or the Work-Study Program. The PPL application form is online at StudentAid.gov. Parents may contact their student’s high school financial aid office for assistance.

article thumbnail

Consider Best Value Colleges

College Planners of America

Economic Mobility Index Measure of economic status change for low-income students. Average Net Price (ANP) Average cost after financial aid for students receiving grant or scholarship aid, as reported by the college. Graduation Rate (6-year) Percent of undergraduate students who graduate within six years.

article thumbnail

Consider Best Value Colleges

College Planners of America

Economic Mobility Index Measure of economic status change for low-income students. Average Net Price (ANP) Average cost after financial aid for students receiving grant or scholarship aid, as reported by the college. Graduation Rate (6-year) Percent of undergraduate students who graduate within six years.